These facts and figures are taken from the HIPS Annual Report & Accounts. You can request a copy of that report if you would like more information.

Scheme membership

At 1 January 2021: 3,314 active members 2,967 deferred members 175 pensioners
At 31 December 2021: 3,202 active members 3,331 deferred members  179 pensioners

Scheme finances

£000

Fund value at 1 January 2021

265,903

Funds paid in:

 

            Employer contributions

16,106

            Member contributions

1,711

            Transfers in

301

            Other income

8

            TOTAL:

18,126

Funds paid out:

 

            Retirement lump sums

-1,216

            Annuity purchase

-1,966

            Death benefits

-2,150

            Transfers out

-9,440

            Administration expenses

-454

            TOTAL:

-15,226

Investment returns

39,575

Net increase in fund value

42,475

Transfers between sections

-3,051

Fund value at 31 December 2020

305,327